European Union United States Trade Relations TEC

Course summary European Union - United States Trade Relations TEC:

The link between the European Union and the United States economies remains strong. Despite the crisis, it is the strongest in the world. The EU and the US economies account together for about half the entire world GDP.

Bilateral trade between the EU and US amounts to over $1 billion a day; investment links are even more substantial, totaling over $1.8 trillion a year.

The European Union and the United States are each other's main trading partners. Trade in goods amounts to around more than €1 billion every day, reaching € 411 billion in 2010. The EU and the US absorb about 20% of each other's exports in goods, and about 30% of each other's exports in services.

Total FDI stocks held in each other’s countries reach approximately €2.1 trillion, unrivalled in size and depth compared to any other investment relationship in the world.

The Transatlantic Economic Council (TEC) was created in 2007 and has the task to oversee, guide and accelerate the implementation of work designed to closer integrate the EU and US economies. The TEC brings together those Members of the European Commission and US Cabinet Members who carry the political responsibility for closer economic ties. It covers areas like regulatory cooperation, innovation, secure trade and e-mobility.

The TransAtlantic Business Dialogue (TABD) is the principal business interlocutor with the U.S .Government and the European Union.

Example of the course European Union - United States Trade Relations TEC:

Master in International Business for US Students